BTCUSD approaching resistance, potential bounce!
BTCUSD is approaching our first support at 6862 (horizontal overlap support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension, bullish channel) and a strong bounce might occur above this level pushing price up to our major resistance at 7522 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
RSI (89) is also seeing a bullish channel and approaching its support where a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) is also seeing a bullish channel and approaching its support where a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : easymarkets.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.